Woonsocket baby goods company faces lawsuit
2:58 PM Fri, Nov 06, 2009 | Permalink
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WOONSOCKET, R.I. -- Woonsocket-based Summer Infant Inc. has been hit with a potential class-action lawsuit, the consumer goods maker disclosed Friday in a federal regulatory filing. The complaint filed with the Circuit Court for Cook County, Ill., alleges that Summer Infant failed to properly warn consumers that signals from its video monitors could be viewed outside the consumer's home. Summer Infant (SUMR:NASDAQ) designs and sells juvenile health, safety and wellness products to U.S. retailers. On Monday, the company reported net revenues for the third quarter of 2009 were $41 million, a 15-percent increase from $35.6 million in the third quarter of 2008. The revenue increase was driven in part, the company said, by strength in several key categories; including nursery, bath and monitors. The company said it intends to vigorously defend itself against the complaint, according to the filing filed Friday with U.S. Securities and Exchange Commission. 
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